Sacred Economics. 1. CHARLES EISENSTEIN. Sacred Economics. Money, Gift, and Society in the Age of Transition. By Charles Eisenstein. Welcome to the HTML version of Sacred Economics. The full text of Sacred Economics in Romanian. You can download Sacred Economics (PDF) here. Sacred Economics traces the history of money from ancient gift economies to modern capitalism, revealing how the money system has contributed to alienation.

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Sacred Economics. By Charles Eisenstein. From: sheffield/issue/sacred-economics/. Remember the apocalypse hype?. Sacred Economics: Money, Gift, and Society in the Age of Transition [Charles Eisenstein] on *FREE* shipping on qualifying offers. Sacred. each word in the title of this book is in its right place, as Charles Eisenstein, the author of Sacred. Economics: Money, Gift, and Society in the Age of Transition.

Others are forced to compete for fewer jobs offering unsatisfying work at low wages. Well-being suffers for all.

Elimination of Economic Rents, and Compensation for Depletion of the Commons—Because there is no legitimate claim to private ownership of the commons, private seizure or exploitation of the commons must end and users must pay the public for private use or depletion of the commons.

This unfair private gain from exploitation of public assets must be reversed to discourage pollution and environmental degradation.

More unsustainable still is exponential growth, whether of resource use, money, or population. That is a primary reason for the decline of community in modern societies, with its attendant alienation, loneliness, and psychological misery.

Moreover, money is unsuited to facilitate the circulation and development of the unquantifiable things that truly make life rich. Although these ideas are bold and fundamentally transformational, encouraging transition scenarios are presented.

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For example: Interest rates have already dropped to near zero. The Alaska Permanent Fund, established in , sets aside a certain share of oil revenues to continue benefiting current and all future generations of Alaskans. Open source software and projects such as Wikipedia make valuable intellectual property freely available to all. Internet sites such as Craigslist displaced billions of dollars in classified advertising while encourage the continuing flow and reuse of goods.

Time Banking encourages people to exchange services based on time spent.

Disintermediation has reduced the cost of many services such as travel agencies, secondary research, book stores, and music distribution. Many artists, including authors, musicians, movie producers, photographers, and painters create and distribute their works directly to consumers over internet sites. This book is full of good ideas for transforming the obsolete elements of our economic systems into a truly modern economy.

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Credible evidence and clear thinking bolsters each argument. The book is well written. Plan to spend time reading and re-reading this book to fully grasp the many ideas it presents. There are some sections of the book that are too mystical and spiritual for my tastes. Perhaps I am too literal and shortsighted to fully grasp these concepts, the concepts are ahead of their time, or they are based on wishful thinking.

If all these costs were embodied in a head of lettuce, California lettuce would be prohibitively expensive in Pennsylvania.

We would download only very special things from faraway places. Ibid This illustration refers to numerous ecological issues that were explored previously in this study — water issues, soil issues, pesticide poisoning, pollution, and transport systems. Eisenstein is accordingly a harsh critic of the dominant debt-based fiscal monetary system, and spends the first section of his book exploring various problematic features thereof.

Eisenstein describes the obvious alternative to externalizing costs: the internalization of costs. Thus nature, which we read at this end, may be defined as the integral of all ecosystems. In the example above of the Californian lettuce in Pennsylvania, application of the internalization of costs principle would quite simply mean that one would eat local organic lettuce rather than the one trucked in from afar.

In the debt-based money system, this may mean initially paying more for the local organic lettuce. However, Eisenstein states in Sacred Economics that the debt-based Promethean monetary system is reaching its end [4] , and offers numerous alternative means of economic interaction.

These alternatives cannot be explored here, but the following from Eisenstein. For example, we might decide that the atmosphere can sustain total sulfur dioxide emissions of two million tons a year. We can then use the emissions rights as a currency backing.

The same goes for the rest of the commons. The result would be a long list comprising all the elements of the commons we agree to use for economic purposes. Conceptually, it might look something like this: Our money derives its value from the right to harvest , tons of cod from the Newfoundland cod fishery, the right to draw 30 million gallons of water monthly from the Ogallala Aquifer, the right to emit 10 billion tons of CO2, the right to pump 2 billion barrels of oil from the ground, the use of the X-microhertz band of the electromagnetic spectrum … The above extract is an illustration of a commons-backed currency at work, and is notably unlike purely quantitative debt-based currency familiar in Promethean worldviews where nature is reduced to a standing reserve of resources.

A commons-backed currency is determined not by the value of resource extraction, but rather by prioritizing the quantitative and qualitative well-being of nature as something with which human beings commune.

Book Reviews/Sacred Economics: Money, Gift, and Society in the Age of Transition

The latter worldview holds that nature offers gifts to human beings, gifts that human beings can accept only with a strong sense of responsibility. In the circle of the gift, your good fortune is my good fortune, and your loss is my loss [5] , because you will have correspondingly more or less to give.We would download only very special things from faraway places.

He admits negative interest rates, or demurrage, could increase the destruction of remaining natural resource commons e. I like these people.

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Anything that belongs to the commons should be subject to fees or taxes to create a strong economic incentive for conservation. Share your email and we will share the world of Kosmos.

In such a world, the best business decision is the one that enriches everybody: society and the planet.

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